No, as shareholders we can't stop what's happening with LJ directly. And I'm so happy that the talent of our IHUB board members is rising to the surface and producing a ton of great research and ideas.
But, it does bring up the question with me again about the LJ funding. Why did the company feel so strongly about this deal with LJ? Were they at the end of their ropes, ala last ditch effort? Or, was it simply the lesser of evils compared to other offers at the time? Or, did they actually see some redeeming qualities in the deal? And, if the latter, I'd like to know what that perspective might have been. But, regardless, my lingering question is, why did management feel this was in the best interest of the company? I'm not judging it because I don't have their perspective, but I would seriously like an explanation at some point. When you look at the charts, it is evident that LJ killed about half of the market cap within a few months (roughly speaking). Clearly, that outcome, that management must have known would be forthcoming, was not in the best interest of the shareholders.
Curious if anyone here can set me straight. It sure has been bugging me. Thanks.
bank
